A pair of India-focused exchange traded funds appear in the new IBD ETF Leaders screen, and both happen to be near buy points. WisdomTree India Earnings Fund (EPI) is forming a new base and is near a potential buy point at 25.57. It is a new pattern in a gentle advance that the ETF has mounted since hitting a low in February 2016. Meanwhile, iShares India 50 (INDY) is finding support in a pullback to the 50-day moving average. It's the first time

Several Indian ETFs are rebounding off their 50-day moving average lines as the country's stock market rallies to fresh highs. WisdomTree India Earnings Fund (EPI), featured in Monday's ETF Leaders column, remains in buy range after finding recent support at its 50-day line. All companies making the $1.6 billion fund must be profitable. Top holdings as of May 31 that also trade in the U.S. included Infosys (INFY), Icici Bank (IBN) and Tata Motors

With the Sensex stock index up about 17% this year, India's stocks are well ahead of many in the U.S. and other major world markets. WisdomTree India Earnings Fund (EPI) is doing even better. The exchange traded fund is up about 25% this year, and has an average annual return of 11.2% over the past five years, according to Morningstar Inc. As its name suggests, companies must be profitable to make the ETF. All must have earned at least $5 million

ICICI Bank Ltd. ADR

ICICI Bank Ltd. provides a range of banking and financial services, which includes retail banking, corporate banking and treasury operations. The company also provides commercial banking, retail banking, project and corporate finance, working capital finance, venture capital and private equity, investment banking, broking and treasury products and services. It operates through following segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking. The Retail Banking segment includes exposures of the bank, which satisfy the four qualifying criteria of regulatory retail portfolio as stipulated by the RBI guidelines on the Basel II framework. The Wholesale Banking segment includes all advances to trusts, partnership firms, companies and statutory bodies, by the bank which are not included in the Retail Banking segment, as per the RBI guidelines for the bank. The Treasury segment includes the entire investment portfolio of the bank. The Other Banking segment includes leasing operations and other items not attributable to any particular business segment of the bank. The company was founded on January 5, 1994 and is headquartered in Mumbai, India.
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